Best DeFi Projects for Socket Protocol

Next generation layer 2 for Ethereum DApps. Scale your dApp with your favorite tools at the lowest possible cost. An aggregator is the same role as a node in Ethereum. Client software can make remote procedure calls (RPCs), to an aggregator using the standard API to interact with an Arbitrum network. The aggregator will then call the EthBridge to produce transaction results to the client just like an Ethereum node. Although it is common for clients to use an aggregator to submit transactions to an Arbitrum Chain, this is not mandatory. There is no limit to the number of aggregators that can exist or who can be an aggregater. In order to improve efficiency, aggregators often combine multiple client transactions into one message that can be submitted to Arbitrum. Arbitrum also supports a privileged Sequencer, which can order transactions and provide low latency transaction receipts.

Ethereum is the community-run technology that powers the cryptocurrency, Ethereum (ETH), and thousands of decentralized apps. Ethereum is a technology that allows for digital money, global payments, as well as applications. The community has created a vibrant digital economy, new ways for creators of online income, and many other benefits. It's accessible to anyone, anywhere in the world. All you need is the internet. Today, billions cannot open bank accounts and others have their payments blocked. The Ethereum decentralized finance system (DeFi), never sleeps nor discriminates. You can send, receive and borrow money anywhere in the world with an internet connection. We can now access 'free' internet services without having to give up our personal data. Ethereum services are available by default. You only need a wallet. These services are free and easy-to-set up. They can be controlled by you and work without your personal information. Stake your ETH to become an Ethereum validator. Staking is a public good for the Ethereum ecosystem. You can help secure the network and earn rewards in the process.

Aave is an open-source, non-custodial liquidity protocol that earns interest on deposits and borrowings. Aave is a non-custodial, decentralized money market protocol that allows users to participate as either depositors or borrowers. To earn passive income, depositors provide liquidity to market participants to generate passive income. Borrowers can borrow in either an overcollateralized or undercollateralized fashion (perpetually) to obtain a loan. Aave is committed to security and we constantly improve our protocol. The funds are kept in a non-custodial smartcontract on the Ethereum blockchain. Your wallet is yours to control. Code auditable and regulated. Aave Protocol has conducted audits using trail of bits, open Zeppelin, consensys diligence and certora to ensure top-notch security. All audits are available publicly.